GAO Details Extent of Government Support for Big Banks

hurley11-150x150American Banker (subscription required)
Cornelius Hurley, School of Law, Center for Finance, Law & Policy

The Government Accountability Office is urging regulators to finalize key provisions of the Dodd-Frank Act in a report released Thursday that tallies the amount of government support banks received during the financial crisis…

Expert quote:

“It’s a good slap on the wrist to the Fed.”

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